Robin Griffiths: S&P heading to 940 by October

“I expect the rally to last for only a few more days with highs for the S&P 500 and FTSE 100 to be reached by next week at the latest,” Robin Griffiths from Cazenove Capital told CNBC. “I expect losses for equities throughout August and September and see an October low for the S&P 500 of 940,” he said.